Tuition Payment Plans & Options

It’s nice to have options when it comes to paying for college tuition -- and Franklin offers plenty of them. In addition to financial aid, we offer installment payment plans, deferred tuition reimbursement and direct company billing. Plus, we make it convenient to make payments online through myFranklin.

Important Dates & Deadlines

All business-related forms should be submitted to the Business Office prior to the first day of class. All documents and forms may be submitted by email, fax, or USPS mail.

Scheduled Payment Plans

How it works:

Avoid late payments with Franklin’s installment payment plan. With this plan, you make monthly payments throughout the trimester without having to pay your full tuition balance at the beginning of the term.

Who can use it:

You’re eligible for this payment plan if you:

Personally pay for any portion of your tuition and fees, and

Cannot pay your balance before the first day of classes.

How do I apply:

Each trimester, log in to myFranklin and choose the payment plan from your payment options that best fits your need. If you need your current balance put into a payment plan, then choose the current balance payment plan. If you know a portion of your balance will be covered by another financing source that has not applied to your account yet, then choose the self-determined payment plan.

When do I apply:

Although we accept applications throughout the trimester, you are responsible for interest charges (18% APR) accrued on outstanding tuition balances if you submit your application more than 30 days after the beginning of the trimester.

Deferred Tuition Payment

How it works:

If your employer offers tuition reimbursement benefits, Franklin can defer your tuition payment for the current trimester. Once grades are posted and your employer makes payment to you, log in to myFranklin to make your tuition payment.

Who can use it:

You’re eligible for this payment plan if your employer pays for college coursework through an employee tuition reimbursement program.

How do I apply:

You must obtain proper authorization from your employer. Visit myFranklin payment options to submit Franklin’s Employer Tuition Reimbursement application. You must submit the application each term you want to defer your tuition payment.

When do I apply:

Although we accept applications throughout the trimester, you are responsible for interest charges (18% APR) accrued on outstanding tuition balances if you submit your application more than 30 days after the beginning of the trimester.

Direct Company Billing

How it works:

With this option, your employer or other agency pays your college tuition directly to Franklin and will provide you with a letter of credit or voucher to give to Franklin’s Business Office.

Who can use it:

You're eligible for this payment option if your employer offers to pay Franklin directly for your college education.

How do I apply:

Once your employer gives you the letter of credit or voucher with the details of what they will pay on your behalf, then submit the form to Franklin's Business Office.

When do I apply:

Submit a letter of credit or voucher to the Business Office before the start of classes each trimester.

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Ways To Pay

You may pay your tuition balance with a MasterCard®, Visa®, Discover®, AmericanExpress®, personal check, cashier’s check, money order, or international funds transfer. Payments can be made online through your MyFranklin/WebAdvisor account with a checking or savings account, debit or credit card information, or wire transfer for foreign currency.

The University has provided a secure server so you can safely make financial transactions on the e-Payment site.

You can access this site by logging into myFranklin. Click on the myTools link and then click "View My Account Balance and Payment Options". Next, click the "Payment Options" link from your account summary.

If you are paying with a credit/debit card, then a convenience fee will be assessed. To avoid the convenience fee, please pay using the electronic check option which will ask for your checking/savings account & routing number.

Checks and money orders are able to be dropped off in person at the University’s Welcome Center or mailed to the University’s Business Office at:

Franklin University
201 S. Grant Ave.
Columbus, OH 43215

If an employer or agency is paying Franklin directly, then submit the letter of credit or voucher directly to the Business Office.

All tuition and fees are due by the first day of class. In the event a your are unable to pay your full balance by the deadline of the first day of class, then you are able to enroll in a monthly installment plan administered by the University. The installment plan allows you to break up your balance for the term into monthly payments to avoid administrative restrictions on their accounts and potential finance charges.

Additional Information

Tuition Payment Deadline Information

Tuition is due the first day of class. An account is considered delinquent after the first day of class and could be placed on administrative restriction due to nonpayment.

Finance Charges & Late Fees

There is a 7 day grace period for all balances; thereafter past due balances are subject to an 18% APR finance charge.

Students participating in the University’s Deferment Program must have their balances paid in full according to the date in the deferment agreement. Account balances not satisfied by that deadline are subject to a $100 late fee.

Payment Methods

You may pay your tuition balance with a MasterCard®, Visa®, Discover®, AmericanExpress®, Personal Check, Cashier’s Check or Money Order. Payments can be made online through their MyFranklin/WebAdvisor account with a checking account, debit or credit card information.

If you are paying with a credit/debit card, then a convenience fee will be assessed. To avoid the convenience fee, please pay using the electronic check option which will ask for your checking/savings account & routing number.

Checks and money orders are able to be dropped off in person at the University’s Welcome Center or mailed to the University’s Business Office at:

Franklin University
201 S. Grant Ave.
Columbus, OH 43215

If an employer or agency is paying Franklin directly, the student can submit a letter of credit or voucher directly to the Business Office.

In the event a student is unable to pay their full balance by the deadline of the first day of class, a student is able to enroll in a monthly installment plan administered by the University. This installment plan allows students to break up their balance for the term into monthly payments to avoid administrative restrictions on their accounts and potential finance charges.

Students can also pay their accounts online with CASHNet. The University has provided a secure server so students can safely make financial transactions on the site. This service offers the following flexible online payment options:

You can access this site by logging into myFranklin. Click on the Shortcuts Tab and select WebAdvisor. Then, under Financial Information, click "View My Account Balance and Payment Options".

Refund Policy

Franklin University issues credits in the manner in which the funds were received. For overages from financial aid, students must elect a preference using their BankMobile account.

With BankMobile, you have the opportunity to have the funds directly deposited to an existing checking or savings account or you can open up a vibe account with BankMobile. If no refund preference is selected, then the refund will default to a check being mailed after 21 days of BankMobile receiving the refund.

If you are a current student and need to set you refund preference, then visit RefundSelection.com and enter the personal code from the email sent to you or the refund selection kit. If you need another code, then click on the link "Need a Code" link and you will be able to have one generated on demand.

Payment of tuition or fees that is returned from the financial Institution unpaid will result in a dishonored fee of $25. After three returned payments, Franklin University will no longer accept an electronic or personal check for payment on the student account. All future payments must be made via credit card or money order.

Failure to clear a returned payment for tuition or fees will result in administrative withdrawal from registration after notification of the returned payment.

Transcripts & Records Policy for Students with Unresolved Financial Obligations

In the event of any unresolved balance of any nature on the student’s account, the following records will not be released:

Diplomas

Transfer credit information

Transcripts

These records will not be released until the balance is paid in full or the past-due balance is resolved. When all financial obligations are resolved, the student is again eligible to receive transcripts and all university services.